Cloud Stocks: Alphabet Bets on AI | Sramana Mitra
Alphabet aka Google (Nasdaq: GOOG) recently reported its third quarter results that surpassed market expectations. Like Meta, Google is also benefiting from a rebound in digital advertising spend. Despite the growth, the market was not too pleased with the outlook that the company provided, sending its stock falling 7% in the extended trading session. Alphabet's Financials Alphabet's third quarter revenues grew 11% to $76.69 billion, ahead of the market's forecast of $75.97 billion. Net income grew from $13.9 billion last year to $19.7 billion. Adjusted earnings were $1.55 per ...